Mangal is an entrepreneur. She owns a retail store in Beed, Maharashtra. The revenue from this business serves as an income for this family of five. Mangal wishes to expand her business and is seeking credit for the same. She will use this loan for restocking her her grocery shop. Support Mangal improve her family income by making her dreams come true.
Mangal is a service entrepreneur who works 8 hours a day for 7 days a week. With this loan Mangal will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Mangal Ankush Waghmare has consented to pay the interest as below:
Investee
pays
10.00% flat p.a.
18.00% APR
Social
Investor
4.00%
7.20% APR
Platform
charges
6.00%
10.80% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 25,000
Loan
tenure
18 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Others
Established in
2008
With Rang De from
2020
Founded by
Manisha Ghule
Navchetana Sarvangin Vikas Kendra (NSVK) works with the most marginalised communities of Marathwada, Maharashtra to empower them socially and economically. Navchetna strives to transform unjust structures of the society from the grassroots, and build harmonious and self-sufficient communities for people from various religions, languages, and cultures.
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